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1 Solar 2015 Ivor Frischknecht Chief Executive Officer 14 May 2015.

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Presentation on theme: "1 Solar 2015 Ivor Frischknecht Chief Executive Officer 14 May 2015."— Presentation transcript:

1 1 Solar 2015 Ivor Frischknecht Chief Executive Officer 14 May 2015

2 2 Source: http://www.lyberty.com/encyc/articles/siliconvalley/

3 3 Source: http://reneweconomy.com.au/2014/china-now-worlds-largest-solar-pv-market-91139

4 4 Mount Bischoff Mine (1883) Tasmania’s first hydro electric generating plant Source: http://www.bonzle.com/c/a?a=featuredpics&yr=1912&pg=0&or=3&sz=4

5 5 The last remaining turbine from the Salmon Beach Wind Farm

6 6 Greenough River Solar Farm, WA Source: http://www.abc.net.au/news/2014-04-09/solar-farm-panels-sarahjpg/5376774 Australia’s first large scale 10 MW solar farm

7 7 FUNDING $ 2.5 billion to 2022 (nearly $1.5 billion still available): Projects R & D Knowledge Capture & Sharing 2. Increase supply of renewable energy ARENA’s objectives OBJECTIVES 1. I mprove competitiveness of renewable energy technologies Knowledge Mandated obligation to collect, store & disseminate knowledge & learning from renewable energy projects & initiatives that ARENA funds HOW 1. Improve the technical and commercial readiness of technologies in Australia 2. Address current energy issues through renewable energy

8 8 Large solar costs more than wind

9 9 Augusta, WA Australia is leading the residential rooftop solar revolution

10 10 60% of residential PV costs are local and in your control $2.40/W 25% 21% 14% 40% non-controllable, coming down globally ^ Permitting, Inspection and Interconnection * Other includes sales tax, fees, margins, other administrative and indirect costs. Source: Rocky Mountain Institute, July 2014, based on 2013 data

11 11 Germany has lower installation labour and hardware costs 30c/W ^ Permitting, Inspection and Interconnection * Other includes sales tax, fees, margins, other administrative and indirect costs. Source: Rocky Mountain Institute, July 2014, based on 2013 data

12 12 Potential for efficiency gains in installation processes Off-roof electrical costs driven by connecting inverters to electrical panels Potential for more automation, less labour intensive installation, and using modern rail-less racking systems could drive down costs even further * Non-Production includes clean-up time, breaks, and other tasks Source: Rocky Mountain Institute, July 2014, based on 2013 data

13 13 5kW in Perth = 4kW in Canberra Source: SolarChoice, May 2015 PV Prices, adjusted for REC rebates.

14 14 At the Powerwall launch and beyond, Tesla has managed to generate serious interest in something that really isn’t all that sexy – a backup household battery system.

15 15 Want to know more? Arena.gov.au ARENA at LinkedIn @ARENA_aus on Twitter Subscribe to updates: arena.gov.au/subscribe


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